INDIA MULTILATERAL BANKS

N.K. Singh, former chairman of the 15th Finance Commission, receives Honorary Fellowship from the London School of Economics. Recognized for contributions to LSE and global economic community. Singh's legacy in policy-making and fiscal prudence cele...

Analysts predict the Centre will maintain or reduce the fiscal deficit target to 5% of GDP in the upcoming budget, as foreign investment in Indian government bonds surges post JP Morgan index inclusion.

The Reserve Bank of India and ASEAN nations are collaborating on "Project Nexus," aimed at establishing a platform for instant cross-border retail payments by linking fast payment systems. India joins Malaysia, Philippines, Singapore, and Thailand a...

The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, expecting India to remain the fastest growing economy, driven by public and private investment, and rising consumption.

The Asian Development Bank (ADB) has pledged $2.6 billion in sovereign lending to India in 2023 for projects aimed at urban development, industrial corridor projects, power reforms, climate resilience, horticulture, and connectivity. The multilatera...

Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sect...

"Multilateral development banks have a long way to go to improve the processes and procedures to be able to address the daunting challenge of seeking to meet financing needs of an orderly transition to be able to address the challenges of climate fi...

The central government should come up with an incentive scheme on the recommendation of the Finance Commission for states to mobilise resources at the local level, Niti Aayog vice chairman Suman Bery said on Friday. Addressing the captains of the In...

NK Singh, chairman of the 15th Finance Commission, highlighted the prejudice and bias affecting India's credit rating, calling for a reassessment by credit rating agencies. During a session on climate financing at the Confederation of Indian Industr...

UN Secretary-General Antonio Guterres aims to sustain the momentum of Multilateral Development Banks (MDB) reforms initiated during India's G20 presidency, according to N. K. Singh, Chairman of the 15th Finance Commission. Singh, after a positive in...

The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a "budget-plus and finance-plus" strategy, which would essentially cover the entire spectrum of project execution and go beyond just p...

ADB, under Dasgupta's leadership, aims to increase private investments in India, focusing on clean energy and financial inclusion. Reforms and new models like IF-CAP are set to strengthen ADB's role in climate finance.

The sessions included focused discussions on facilitating strategic engagement with MDBs, exploring collaborative models of development financing and leveraging emerging technologies for transformative development, it added. During the seminar, the ...

"It is very clear that private capital isn't fully ready to embrace both the risks and the opportunities associated with funding energy transition. Now, if that requires further de-risking by the multilateral agencies, or by sovereigns, then that is...

"FM Smt.@ nsitharaman stated that @WorldBank should explore comprehensive, collaborative and holistic approach in water management with special emphasis to restoration and rehabilitation of lakes and hydroelectric power," the finance ministry said i...

Gautam Adani, AdGroup Chairman, shared his experience at the Davos World Economic Forum 2024 on LinkedIn. He highlighted India's message of multilateralism and inclusiveness resonating with global leaders. Adani stated that India is on track to achi...

The new member nations will become part of BRICS (Brazil-Russia-India-China-South Africa) with effect from January 1, 2024. The inclusion represents a strategic step for the UAE and consolidates its global economic and diplomatic engagements.

Speaking at COP28 UAE, N K Singh said MDBs mobilising and galvanising private financing requires a multi-year strategic and whole-of-institution approach by MDBs. He said they can become bolder by greater use of guarantees.

​he IEG presented the second volume of its report on strengthening MDBs to G20 finance ministers and central bank governors at the fourth and the last meeting under the Indian presidency in Marrakech.